Limited risk with Oceania currencies; annual interest rate of 10–30% "Sheep6"
Over 2 years of forward-testing track record!
Dedicated to AUDJPY and NZDJPY
'Sheep6'
What country comes to mind when you think of sheep?
Mongolia? New Zealand?
In forex, when you say sheep, it's New Zealand, right?
By 'Shiroyagi-san', who has released numerous EAs for Oceania currencies like AUD and NZD, we present the long-term operation EA definitive 'Sheep6'!
◆No complicated settings at all! Install and just choose between simple interest or compounding mode.
The applicable currency pairs are NZDJPY and AUDJPY.
When applied to each chart, it automatically switches to values optimized for that currency pair.
Having few parameters is very friendly for EA beginners.
For EAs that are easily affected by event risk such as scalping,
there are some that stop the EA during those times or close on weekends, but
'Sheep6' has no such hassles at all.
Even with weekly rollovers and event risk included, its performance remains unchanged even without such features.
◆Even with a martingale, backtests since 2008 show no breakdowns
Up to 6 positions, with the lot size up to 15 times the first position
Martingale-type EA, but with proper money management, risk can be limited.
【2008～2014 Backtests】
Even in long-term backtests including the 2008 Lehman Shock, on a 1,000,000-yen account,
the maximum drawdown is 330,000 yen (26% of account), and the return is 5300 dollars.
【Backtests by year: number of trades and profit/loss】
Basically the logic is to keep averaging down to make the total profit positive, so
you don't have to worry too much about the amount of losses.
In fact, the larger the losses, the bigger the returnsis the logic.
Also, if you can expect a 10–30% annual return on 1,000,000 yen,that would be a very good return, wouldn't it?
◆Fukuri feature to use funds efficiently
Even by looking at fx-on forwards,the recommended margin is 370,000 yen, which indicates that it is relatively low,
When the market is calm, the number of averaging-down trades is small, and therefore the required lot size is also small.
That is safe, but you may worry that profits won't grow much.
Using the Fukuri feature, the initial lot size is determined according to your capital, allowing efficient capital utilization.
The default Fukuri parameter is 0.1, which means starting with an initial lot size of 0.01$10,000per capital.
If you'd like to take a bit more risk, you could set the Fukuri parameter to around 0.5–1.
【risk1 leverage 25x on Oanda account – 2016 backtest results】
Maximum drawdown of 1989 dollars (19%), with a return of 5300 dollars.
If you want greater long-term safety, look at the balance between risk value and maximum drawdown in long-term backtests and set accordingly. (Safe recommendation is 0.1)
◆AUDJPY also operable
【2005～2015 10-year backtest, Risk0.1, Fukuri】
Operational characteristics of AUDJPY and NZDJPY are,
AUDJPY has more trading frequency, but requires more capitalaccording to the author
Other details such as spread-related performance differences are also published by the author "Shiroyagi," so please refer to them.
・People who enjoy swap profits on Oceania currencies and steady savings
・People who want to steadily increase profits from a long-term perspective
This is the recommended 'Sheep6'!
Up to six positions! Get a feel for its quirks and pursue profits with long-only positions!
20,000 yen
Shiroyagi-san's EAs also include
'Kotsukotsu Jikuri Kuroyagi-san'
If you're interested, please check it out ♪
